Chinese owner Seacon Shipping has entered into shipbuilding contracts with CSSC-affiliated Huangpu Wenchong Shipbuilding for the construction of up to eight 85,000 DWT neo-Panamax bulk carriers.

The contract is comprised of a firm order for four vessels and options for another four vessels.

Delivery of the vessels will start in 2021.

Qingdao-headquartered Seacon Shipping is the largest third-party ship management company in China. The company has a self-owned dry bulk fleet of over 40 vessels with a total capacity of over 2m DWT.